Gold investors learn from Notre Dame-fire
The altar cross made of gold seems to shine in the middle of the cathedral destroyed by the fire. It is no wonder that the wooden roof over it burned down, after all wood burns at 600 degrees, while the melting point of gold is 1,064 degrees. So the fire couldn't destroy the gold. Therefore, gold is at least as safe as money.
It is virtually indestructible, resists most chemical reactions, not just acids or corrosion. Moisture, heat and air cannot harm the precious metal. However, it is easy to melt gold into bars. This is not so easy with platinum, for example - at least in earlier times - because the melting point of platinum is 1,768 degrees.
Gold is an excellent diversification in the portfolio. Prosperity and currencies are fragile, but gold is different. Insurance can help and gold is insurance. The cathedral was not insured, but received financial help from the state and billionaires. The investor does not have this, he must provide for it himself. Gold shines especially in financial crises. In the case of gold companies, which are lucrative for investors, it is the companies that receive and increase their capital.
Gold as insurance protects the assets, with an investment in solid gold companies it can be increased. Therefore, companies such as Bluestone Resources and White Gold should remain on the screen.
The Cerro Blanco gold project, wholly owned by Bluestone Resources, has recently returned to outstanding grades: Up to 19.9 grams of gold and up to 281 grams of silver per ton of rock. Low production costs and an initially estimated gold production of 146,000 ounces per year should please Bluestone Resouces and its shareholders.
White Gold has begun the $13 million fully funded exploration program on its 439,000 hectare property. White Gold's property accounts for more than 40 percent of the Whitegold district of the Yukon.
Current corporate information and press releases from Bluestone Resources (https://www.resource-capital.ch/en/companies/bluestone-resources-inc/) and White Gold (https://www.resource-capital.ch/en/companies/whitegoldcorp/).
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